The story of this market
The typical home in ZIP 40357 sells for about $345,000, or $200 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $834 a month.
ZIP 40357 — North Middletown
The Lexington housing market shows moderate growth with a median sale price of $345,000 and a year-over-year increase of 3.0%. Inventory remains tight with 2.6 months of supply, keeping the market competitive for buyers while maintaining steady price appreciation.
This area is well-suited for families and professionals seeking suburban living with proximity to the amenities and employment opportunities of Lexington.
Median prices moved up 3.0% year over year.
Homes spend a median of 43 days on market with 2.6 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 81.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40502, Fayette County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Not determinable at the ZIP level; regional crime trends in the Lexington-Fayette area are monitored by local law enforcement.
Schools in the area are part of the Fayette County Public Schools system, which serves a diverse student population with varying performance ratings across individual campuses.
The area is subject to standard regional risks including severe thunderstorms and occasional flooding; property insurance premiums are influenced by these environmental factors.
Economic momentum is driven by the broader Lexington metro area, which features a mix of education, healthcare, and manufacturing sectors.
Property taxes are assessed by the Fayette County Property Valuation Administrator; rates are determined by local taxing districts including the city and school board.
Residents typically rely on personal vehicles for commuting to employment hubs in Lexington, with access to major regional highway corridors.
The area offers access to local parks, green spaces, and community facilities typical of the Lexington suburban landscape.
The rental market remains competitive with steady demand, influenced by the presence of students and professionals in the Lexington metro area.
The economy is anchored by the University of Kentucky, healthcare systems, and a growing manufacturing and technology sector in the Lexington metro area.
Transportation is primarily highway-based, with Lextran providing public transit services within the urban core.
Development is focused on infill and suburban expansion projects approved by the Lexington-Fayette Urban County Government.
The Fayette County Property Valuation Administrator manages assessments for all real property within the county.
Parcels are subject to local school district taxes and municipal service fees.
Property insurance markets are stable but sensitive to regional weather-related claims.
Kentucky is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the property.
Data retrieved from US Census Bureau ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides various community parks and green spaces throughout the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.